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From course:

Economics A Level (DONEEEEEEE)

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Question:

Why is the RPI and the CPI helpful for Wages and State Benefits?

Author: eric_galvao



Answer:

-Employers and TU will have them as a Starting Point in Talks -Government will use them to Increase State Pensions and Welfare Benefits -Benefits are Index- Linked - Rise automatically each year by the Same Percentage as the Chosen Index


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